Richardanthony.eth

Providing Tips and Tricks to Build your Wealth and Income.

[Richardanthony.eth @TheMoneySermon]

Don't be scared to spend money you'll always make more

[Brennan Schlagbaum, CPA @Budgetdog_]

I really think Andy and I have the same thoughts…

[Mama T🌻 @herchosenpath]

Candace said y'all owe her an apology. And well..........

[Andrew Lokenauth @FluentInFinance]

Middle-class debt trap:

$600,000 Home Mortgage
$20,000 Credit Card Debt
$150,000 Student Loans
$60,000 Car Loans
$50,000 Wedding
$0 Investments

The "American Dream" is built on getting you into debt.

Break free.

[Richardanthony.eth @TheMoneySermon]

@alloutamazon @thecaseywoodard KPF

[Car Dealership Guy @GuyDealership]

If you have a:

$10K 🚙
$1M net worth

People think you’re broke.

But if you have a:

$80K 🚗
$10K net worth

People think you’re rich.

[E @ElijahSchaffer]

We’re supposed to work 40+ hours a week

For 40 years

At a job we hate

To end up here? There has to be more to life

[Hevysettrader @Hevysettrader]

@FinanceLancelot and the winner for the largest #CRE portfolio goes to

[Genevieve Roch-Decter, CFA @GRDecter]

Only 2.7% of Silicon Valley Bank deposits are less than $250,000.

Meaning, 97.3% aren't FDIC insured.

Ouch.

[Compound248 💰 @compound248]

The problem Silicon Valley Bank faces today is VERY different than the 2007-2009 banking crisis.

$SIVB was thriving. Credit losses are fairly low. Its deposits TRIPLED from 2019 to ‘21.

How’s that a problem?

It sounds great, right?

Well, it’s a Wonderful Life…

🧵👇

[The Real Estate God @TheRealEstateG6]

One of the biggest mistakes I see beginners make is not understanding the market cap rate

If you don’t understand how the market values the property (the market cap rate), you’re going to lose money

Here’s why:

[X @XaviercMiller]

Being in a strip club with ya shirt off toting guns on Instagram live while being worth over $200 million as one of the faces of the NBA is the goofiest shit I’ve ever seen. Tryna be a street dude up 9 figures is the literal definition of hustling backwards.

[The Kobeissi Letter @KobeissiLetter]

This week, inflation came in at 6.4% using a new CPI calculation:

- 2023 CPI = ONLY 2021 consumption

- 2022 CPI = 2019+2020 consumption

Using OLD CPI, inflation is estimated to be 6.7%.

This would’ve been the 1st increase in inflation since July 2022.

Is this a coincidence?

[The Kobeissi Letter @KobeissiLetter]

Over the last 3 months:

1. Household debt hit a record $16.9 trillion

2. Credit card debt hit a record $986 billion

3. Mortgages hit a record $11.9 trillion

4. Auto loans hit a record $1.6 trillion

5. Student loans hit a record $1.6 trillion

How can this possibly end well?

[Wealth Squad Chris @Chrissssjohnson]

Social media is the mall

Remember when you were a kid, what did you go to the mall for?

Now as a mature adult what do you go to the mall for?

[Peter Schiff @PeterSchiff]

517K #jobs were created in Jan., more than twice expectations. The unemployment rate fell to 3.4%, the lowest since 1953. The actual #inflation rate is so much higher than what's reported that record numbers must work multiple low-paying jobs and retirees are forced back to work.

[X @XaviercMiller]

Acting rich when you’re not is the surest way to stay broke but acting broke when you’re not is the surest way to become rich. Funny how that works.

[Raphousetv (RHTV) @raphousetv2]

Joe Biden a Big BD on Lamron😂🔥 he knew Chief Keef Intro Word for word Bar for Bar.

[NFL Memes @NFLMemes]

Mike Pereira… what the fuck?!?! https://t.co/SJfj9LIVja